Weyerhaeuser Stock Price, News & Analysis

Jane, a boutique marketplace, is transitioning from a deals platform to a comprehensive shopping destination. This transformation includes a new tech infrastructure and key executive appointments, such as Laura Ravo as Chief Operating Officer and Krista Kochivar as Chief Financial Officer. Ravo, with extensive retail experience, will enhance marketplace operations and customer experience. Kochivar brings over 20 years in financial management from publicly traded companies. These strategic changes aim to strengthen Jane's position in the marketplace.

Jane is evolving from a deals platform to a boutique marketplace, enhancing its tech stack and leadership team to support this shift. Newly appointed COO Laura Ravo, with extensive retail experience, will oversee marketplace operations. Krista Kochivar joins as CFO, bringing over 20 years of financial expertise from public companies. CEO Joana McKenna emphasizes the importance of these appointments for growth and customer experience. These strategic changes aim to place Jane as a leading destination for boutique shoppers.

Weyerhaeuser Company (NYSE: WY) reported Q2 2022 financial results, achieving net earnings of $788 million or $1.06 per diluted share, alongside net sales of $3.0 billion. This marks a decline from $1.0 billion net earnings in Q2 2021. Adjusted EBITDA for the quarter was $1.2 billion, down from $1.6 billion year-over-year. The company anticipates lower Q3 earnings but remains confident in long-term demand despite macroeconomic challenges. Year-to-date, Weyerhaeuser generated $2.7 billion in Adjusted EBITDA.

Weyerhaeuser Company (NYSE: WY) will announce its second quarter 2022 results on July 29, prior to market opening. A live webcast and conference call will follow at 7 a.m. PT (10 a.m. ET) to discuss the financial results. Weyerhaeuser, a significant player in timberland ownership and wood products manufacturing, reported net sales of $10.2 billion in 2021. The company manages approximately 11 million acres of timberlands and emphasizes sustainable practices in its operations.

Weyerhaeuser Company (NYSE: WY) announced the passing of George H. Weyerhaeuser Sr., its former president and CEO, who led the company from 1966 to 1991. His tenure was marked by significant growth, including major timberland acquisitions and advancements in sustainable forestry. He continued to influence the company as Board chairman until 1999. A memorial service is planned for later this summer to honor his legacy, which includes contributions to wood products research and overseas market expansion.

On June 8, 2022, Devin Stockfish, the CEO of Weyerhaeuser Company (NYSE: WY), will present at the Nareit REITweek: 2022 Investor Conference in New York City. The presentation is scheduled for 11 a.m. Eastern, with a webcast link and materials available online. Weyerhaeuser, a leading owner of timberlands and wood products manufacturer, reported $10.2 billion in net sales in 2021 and manages about 11 million acres of timberlands, adhering to sustainable practices recognized globally.

Weyerhaeuser Company (NYSE: WY) has successfully acquired 80,800 acres of premium timberlands in North and South Carolina for approximately $265 million. This acquisition, which was announced in April 2022, increases Weyerhaeuser's managed timberlands in the Carolinas to over 900,000 acres. The company operates four mills and a tree nursery, employing over 700 people in the region. Weyerhaeuser, a major player in timberland ownership and wood products manufacturing, generated $10.2 billion in net sales in 2021 and continues to focus on sustainable management practices.

Weyerhaeuser Company (NYSE: WY) has appointed David M. Wold as the new senior vice president and chief financial officer, effective immediately. Wold, who has been with the company since 2013 and served as vice president and chief accounting officer since May 2019, replaces Nancy Loewe. CEO Devin W. Stockfish praised Wold's leadership and experience. Wold expressed enthusiasm about the company's potential to leverage favorable market demand to enhance shareholder returns.

Weyerhaeuser Company (NYSE: WY) declared a quarterly cash dividend of $0.18 per share on May 12, 2022, payable on June 17, 2022, to shareholders on record by June 3, 2022. This dividend supports the company's 'base plus variable supplemental' framework, aiming for a total return of 75-80% of annual Adjusted Funds Available for Distribution (Adjusted FAD). Weyerhaeuser reported $10.2 billion in net sales for 2021 and manages around 11 million acres of timberlands sustainably.